Consider buying Hims & Hers Health (HIMS), which is viewed as extremely cheap following a price drop despite positive news like significant insider buying. Bitcoin miners pivoting to AI and HPC services, such as CleanSpark (CLSK), Cipher Mining (CIFR), and Hut 8 (HUT), present a key opportunity as the market ignores their major new deals. The Yandex spin-off Nebius is highlighted as a deeply undervalued company with guided 10x-20x revenue growth and valuable hidden assets like its autonomous vehicle division, AVRide. For investors holding Bitcoin (BTC), a minimum holding period of four years is recommended to navigate market volatility. It is advised to avoid rotating into overpriced defensive stocks like Philip Morris (PM), which are seen as fundamentally weaker investments.

Hims & Hers Health (HIMS)

• The speaker highlights that the stock "dumped" despite significant positive news, including two large insider buys and the announcement of a facility expansion in Ohio.
• He describes the business as recession-proof and insulated from geopolitical risks.
• The valuation is considered extremely low, with the speaker calling it "ridiculous" and "too cheap" at a metric of 0.1 EV over GP over RG.
• He contrasts HIMS favorably against defensive stocks like Philip Morris, arguing that HIMS sells products that make customers live longer, unlike tobacco.

Takeaways

• The speaker sees a major disconnect between the company's strong fundamentals (insider buying, business expansion) and its falling stock price.
• He views the current price as a buying opportunity, suggesting the stock is being unfairly punished in a market-wide sell-off and is fundamentally a much safer bet than traditional defensive stocks.

Nebius (Yandex spin-off)

• The speaker notes the company's business is performing exceptionally well, with its capacity fully sold out and official guidance for 10x to 20x revenue growth over the next 12 months.
• A key asset is its ownership of AVRide, described as a top-five autonomous vehicle company competing with Waymo. The speaker speculates that a potential Waymo IPO at $110 billion could highlight the immense, unrecognized value of AVRide.
• He argues that due to its valuable assets like AVRide and ClickHouse, the company could be considered "free" at its current valuation.
• The valuation is described as "entirely ridiculous" with an EV over GP over RG of 0.038.

Takeaways

• The speaker presents Nebius as a deeply undervalued company with explosive growth potential that the market is completely ignoring.
• The value of its underlying assets, particularly its AV division, is seen as a major hidden catalyst that could lead to a significant re-rating of the stock.

Bitcoin Miners (Sector)

• The speaker is very bullish on the sector's pivot from just mining Bitcoin to providing AI and High-Performance Computing (HPC) services.
• He notes that the entire sector is being sold off as a single basket, with the market ignoring major, company-specific positive news.
• CleanSpark (CLSK): A potential hyperscaler deal is described as possibly "imminent," representing a major near-term catalyst.
• Cipher Mining (CIFR): Has already signed a deal with AWS FluidStack and Google, but the speaker believes the market has "evaporated" the value created by this partnership.
• Hut 8 (HUT): Recently signed a $7 billion AI data center deal. The stock initially surged on the news but gave back about half of its gains due to the broad market sell-off.
• Marathon Digital (MARA): Described as "already so cheap" and is working on "dispatchable compute."

Takeaways

• The speaker sees a significant investment opportunity in Bitcoin miners that are successfully transitioning to the AI/HPC space.
• He believes the market is failing to price in major AI-related deals and partnerships, creating a disconnect between fundamental progress and stock prices. Investors could look at individual companies like CLSK, CIFR, and HUT that have clear, positive developments.

SoFi (SOFI)

• The business is described as "firing on all cylinders" and has a history of growing at over 30% for more than a decade.
• The upcoming relaunch of crypto services in January is seen as a positive, making it a "one-stop shop" again.
• The speaker believes SoFi is well-positioned to benefit from a drop in interest rates, which would likely drive a huge demand for loans.

Takeaways

• While the speaker is bullish on SoFi's business operations and future prospects, he explicitly states that he finds the stock "a little pricey at this point" and would not be a buyer at current levels.
• The stock was used primarily as an example of a strong company being sold off indiscriminately, rather than as an immediate buy recommendation.

Robinhood (HOOD)

• The speaker was "very impressed" by the company's recent event, particularly its new AI features designed to help users make money. He questions if legacy competitors like Schwab can keep up.
• A major new product launch is prediction markets, which he believes is a "huge deal" and could become a trillion-dollar market.
• Despite these impressive innovations, he notes the "market doesn't care" and the stock sold off with everything else.

Takeaways

• The speaker is bullish on Robinhood's long-term prospects due to its strong innovation in AI and new markets.
• He suggests the market is currently overlooking these significant positive developments, implying a potential opportunity for long-term investors.

General Market & Other Assets

• Market Volatility: The speaker is frustrated with the current market, calling it a "casino" where fundamentals are ignored in the medium term. He advises that investors should be prepared to hold stocks for at least four years to weather the volatility, a strategy he previously associated only with Bitcoin.
• Bitcoin (BTC): The speaker is implicitly bullish, contrasting it with fiat currency that is "printed into oblivion." He recommends a four-year holding period as a minimum for anyone investing in it.
• Micron (MU): Micron's strong earnings and subsequent 6% after-hours pop are presented as a potential catalyst that could shift market sentiment back in favor of the AI theme.
• Zeta Global (ZETA): A stock the speaker likes, which he believes is being unfairly sold off in the "risk off" environment despite its own fundamentals.
• Defensive Stocks (PM, MO, COST): The speaker is bearish on these, calling them "overpriced." He advises against rotating into them, viewing them as fundamentally weaker investments compared to the high-growth stocks that are currently being sold.